The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:

		Dec. 31, 20Y9		Dec. 31, 20Y8
Assets
Cash		$287,730		$267,970
Accounts receivable (net)		104,240		96,240
Inventories		294,260		284,950
Investments		0		110,400
Land		150,920		0
Equipment		324,650		251,930
Accumulated depreciationequipment		(76,010)		(67,940)
Total assets		$1,085,790		$943,550
Liabilities and Stockholders' Equity
Accounts payable		$196,530		$185,880
Accrued expenses payable		19,540		24,530
Dividends payable		10,860		8,490
Common stock, $10 par		58,630		46,230
Excess of paid-in capital over par		220,420		128,320
Retained earnings		579,810		550,100
Total liabilities and stockholders' equity		$1,085,790		$943,550

Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:

1. Equipment and land were acquired for cash.
2. There were no disposals of equipment during the year.
3. The investments were sold for $99,360 cash.
4. The common stock was issued for cash.
5. There was a $74,060 credit to Retained Earnings for net income.
6. There was a $44,350 debit to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9

Cash flows from (used for) operating activities:
Cash dividendsCash paid for landCash received from issuing common stockCash received from sale of investmentsNet income	$- Select -
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
Cash dividendsCash paid for landCash received from issuing common stockDepreciationRetained earnings	- Select -
Cash received from net incomeCash received from the sale of common stockGain on sale of investmentsLoss on sale of investmentsRetained earnings	- Select -
Changes in current operating assets and liabilities:
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesIncrease in accounts receivableLoss on sale of investments	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesGain on sale of investmentsIncrease in inventories	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in accrued expensesDecrease in inventoriesIncrease in accounts payable	- Select -
Decrease in accounts payableDecrease in accrued expenses payableDecrease in dividends payableDepreciationIncrease in accrued expenses payable	- Select -
Net cash flows from operating activities		$fill in the blank 15
Cash flows from (used for) investing activities:
Cash received from gain on sale of investmentsCash received from issuing common stockCash received from loss on sale of investmentsCash received from sale of investmentsCash received from retained earnings	$- Select -
Cash paid for accounts payableCash paid for accumulated depreciationCash paid for common stockCash paid for depreciationCash paid for purchase of land	- Select -
Cash paid for accounts receivableCash paid for accrued expensesCash paid for accumulated depreciationCash paid for inventoriesCash paid for purchase of equipment	- Select -
Net cash flows used for investing activities		fill in the blank 22
Cash flows from (used for) financing activities:
Cash received from issuing common stockCash received from net incomeCash received from sale of equipmentCash received from sale of inventoriesCash received from sale of investments	$- Select -
Cash dividendsCash paid for inventoriesCash paid for purchase of equipmentCash paid for purchase of investmentsCash paid for purchase of land	- Select -
Net cash flows from financing activities		fill in the blank 27
Net decrease in cashNet increase in cash		$- Select -
Cash balance, January 1, 20Y9		fill in the blank 30
Cash balance, December 31, 20Y9		$fill in the blank 31